It’s getting to be that time of year again. Your bad habits have been building up all year, maybe even longer. Come New Years, you’re going to throw one of those pesky ones out the window. Right?

New Year’s resolutions are always a daunting task. Not only do you have to change your lifestyle to accommodate a new habit, or even worse, break an old habit, but you have to so it after a month of near constant festivities.

There’s a reason for New Year’s resolutions, though. There’s no better time to kick your life into another gear than the first day of a new year. It’s a fresh slate. You can do anything you want. You just need to figure out what that may be.

For most people, New Year’s resolutions revolve around either health or money, maybe both. You might have gained a few pounds, or maybe you’re just not eating right.

Here are some New Year’s resolutions that will benefit you financially:

Quit smoking

Smoking is not only one of the worst things that you can do to your body, it’s also one of the most expensive habits you can pick up. If you smoke a pack a day on average, you spend anywhere from $1,000-$2,000 per year on a bad habit. Quitting smoking is difficult, sure, but it’s well worth it. Not only will you feel better, but you will also have a few thousand dollars in expendable income. Imagine the possibilities.

Spend less and save more

More than likely, you would love to save more money. Almost everyone does. Once again, saving money is one of the easiest New Year’s resolutions to break, but if you can manage it for a few months, you will reap the rewards. There are several tricks you can use to manage your income. For instance, just think, do you really need this? Wait a month before you make a big purchase. Avoid impulse purchases. If you have a hard time saving money, put it in a local bank, like one of the New Orleans Banks that many local Louisiana citizens use. Everyone has their own tricks, but if it works for you, stick to it.

Start running

One of the biggest New Year’s resolutions that people try to pick up is exercise. Everyone wants to get healthy at the beginning of the year. The biggest problem is that people often have no idea how to maintain that new exercise regime, especially on a budget. Joining a gym is expensive, and so is buying a new elliptical trainer.

Instead of paying for a gym membership, pick up something that won’t cost anything, like walking or running. Even if you’ve never run in your life, sign up for a 5K. This will provide you with the motivation to succeed while also giving you tangible results to look forward to.

It’s a new year. A new year brings new results. One of those results should include more money in your pocket and a better lifestyle for you.

This guest post was written by Patrick Rafferty. As a business professional in the Louisiana area, he’s taken a particular interest in finding the most business friendly of the Metairie Banks or the Banks in New Orleans. The views expressed herein are those of the author and not necessarily those of any financial institution or bank. This article is intended to provide those reading it with information about matters of current interest. It should not be construed as legal or financial advice concerning a specific topic and should not be acted upon without contacting the appropriate professionals.

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